Paradice Investment Management LLC Has $16.11 Million Position in MSC Industrial Direct Co., Inc. (NYSE:MSM)

Paradice Investment Management LLC cut its position in MSC Industrial Direct Co., Inc. (NYSE:MSM - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 215,644 shares of the industrial products company's stock after selling 68,265 shares during the quarter. MSC Industrial Direct comprises 3.2% of Paradice Investment Management LLC's holdings, making the stock its 16th biggest position. Paradice Investment Management LLC owned approximately 0.39% of MSC Industrial Direct worth $16,106,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in shares of MSC Industrial Direct by 7.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,567,038 shares of the industrial products company's stock worth $134,859,000 after buying an additional 113,878 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of MSC Industrial Direct by 11.1% during the 3rd quarter. Pacer Advisors Inc. now owns 918,235 shares of the industrial products company's stock worth $79,023,000 after buying an additional 91,369 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its position in shares of MSC Industrial Direct by 5.8% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 641,779 shares of the industrial products company's stock worth $55,232,000 after buying an additional 35,077 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of MSC Industrial Direct by 20.5% during the 4th quarter. Boston Trust Walden Corp now owns 618,103 shares of the industrial products company's stock worth $46,166,000 after buying an additional 105,265 shares in the last quarter. Finally, Seizert Capital Partners LLC raised its position in shares of MSC Industrial Direct by 3.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 361,783 shares of the industrial products company's stock worth $31,135,000 after buying an additional 11,585 shares in the last quarter. 79.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on MSM shares. JPMorgan Chase & Co. dropped their price target on shares of MSC Industrial Direct from $87.00 to $73.00 and set a "neutral" rating on the stock in a research report on Friday, October 25th. Stephens cut shares of MSC Industrial Direct from an "overweight" rating to an "equal weight" rating and set a $85.00 price objective on the stock. in a research note on Wednesday, December 4th. Finally, Wolfe Research started coverage on shares of MSC Industrial Direct in a research note on Thursday, January 16th. They issued an "outperform" rating and a $95.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $83.80.

MSC Industrial Direct Trading Down 2.8 %

Shares of MSC Industrial Direct stock traded down $2.36 during trading on Friday, hitting $80.68. The stock had a trading volume of 1,210,220 shares, compared to its average volume of 678,689. The stock has a 50 day simple moving average of $80.11 and a 200 day simple moving average of $81.80. The company has a market capitalization of $4.51 billion, a PE ratio of 19.26 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 1.93 and a debt-to-equity ratio of 0.21. MSC Industrial Direct Co., Inc. has a 1 year low of $72.79 and a 1 year high of $104.76.

MSC Industrial Direct (NYSE:MSM - Get Free Report) last released its earnings results on Wednesday, January 8th. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.13. The business had revenue of $928.50 million for the quarter, compared to the consensus estimate of $904.90 million. MSC Industrial Direct had a net margin of 6.21% and a return on equity of 17.80%. The firm's quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. On average, research analysts expect that MSC Industrial Direct Co., Inc. will post 3.57 EPS for the current fiscal year.

MSC Industrial Direct Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Wednesday, January 15th were given a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Wednesday, January 15th. MSC Industrial Direct's dividend payout ratio (DPR) is currently 81.15%.

About MSC Industrial Direct

MSC Industrial Direct Co, Inc, together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, the United Kingdom, and internationally. The company's MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock products, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components, and electrical supplies.